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Wednesday's top brokerage calls: NTPC, L&T and more

Updated : 2020-12-16 08:27:46

Among brokerages, HSBC is bullish on NTPC despite it being one of the worst-performing stocks in the Nifty50 index. Meanwhile, Jefferies and Nomura maintained 'buy' calls on L&T. Here are the top brokerage calls for today:

 HSBC on NTPC:  The brokerage maintains a 'buy' call on the stock and raises its target price to Rs 165 per share from Rs 155 earlier. The brokerage noted that it is one of the worst-performing stocks in the Nifty50 index on the back of ESG concerns. Focus on renewables should help improve ESG score, it added.
HSBC on NTPC: The brokerage maintains a 'buy' call on the stock and raises its target price to Rs 165 per share from Rs 155 earlier. The brokerage noted that it is one of the worst-performing stocks in the Nifty50 index on the back of ESG concerns. Focus on renewables should help improve ESG score, it added.
 Jefferies on L&T:  The brokerage maintains a 'buy' call on the stock with a target at Rs 1,270 per share. FY21 order flow for L&T will likely be flat YoY the brokerage's assumption of a 20 percent decline, it added.
Jefferies on L&T: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,270 per share. FY21 order flow for L&T will likely be flat YoY the brokerage's assumption of a 20 percent decline, it added.
 Nomura on L&T : The brokerage maintains a 'buy' call on the stock with a target at Rs 1,510 per share. The rise in the share of multilateral-funded projects bodes well for L&T, Nomura noted.
Nomura on L&T: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,510 per share. The rise in the share of multilateral-funded projects bodes well for L&T, Nomura noted.
 Nomura on M&M:  The brokerage maintains a 'buy' call on the stock with a target at Rs 923 per share. The default of Rs 480 crore by SsangYong Motor indicates that M&M is sticking to its commitment of not investing, noted the brokerage. In that sense, Nomura sees this as a positive for the auto major’s shareholders.
Nomura on M&M: The brokerage maintains a 'buy' call on the stock with a target at Rs 923 per share. The default of Rs 480 crore by SsangYong Motor indicates that M&M is sticking to its commitment of not investing, noted the brokerage. In that sense, Nomura sees this as a positive for the auto major’s shareholders.
 JPMorgan on Escorts:  The brokerage is 'overweight' on the stock with a target at Rs 1,600 per share. It added that margin catch-up is playing faster-than-expected, with a range of 17-18 percent versus 13 percent in FY20.
JPMorgan on Escorts: The brokerage is 'overweight' on the stock with a target at Rs 1,600 per share. It added that margin catch-up is playing faster-than-expected, with a range of 17-18 percent versus 13 percent in FY20.
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